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BTCEUR

BTCUSD - Bottom soon, Breakout after, HODL STRONGHello everyone, Considering the Fibonacci Technical Indicators, we are close for a bottom, also, we can find the price right in a falling wedge, which can be easily broken, then we become bullish. There are also Bullish Divergences on MACD & RSI Indicators, small, but there can be a good start for a new cycle. Fibb zones can take up to a perfect price of $81,000. Thank you for your time, HODL Strong This is not a trading advice, St.Gex
BNC:BLXLong
by St_Gex
7
BTC/EUR I just noticed the RSII'm quite new to crypto and TA analysis as a general.. my ideas have played out quite well so far but I guess it's always easy on a bull run. This afternoon I noticed the RSI indicator has crossed the 70% dotted line. Almost every single time this has happened on a daily chart BTC has dropped the following day. As to where it could drop, if we close above 74 im guessing it could either drop and bounce on the 74 mark and then continue on its bull rally, oooor it could break down all the way near 70. We'll see how it plays out.
Long
by Hedgehogtime
2
Technical analysis update: BTCUSD (4th October 2021)Price action of BTCUSD over the weekend was mostly sideways expect for shortlived spike on a Sunday. Breakout above resistance (that lies slightly below 49 000 USD) occured within less than ten minutes and resulted in high of 49 225.55 USD. Then price retraced back to its previous level. We are currently neutral on BTCUSD while we see interesting setup forming. We think if price manages to hold above horizontal line (between green and red text) depicted on main graph then it is very bullish for BTCUSD and price is likely to rise further towards resistance near 53 000 USD. However, if this price level fails to support price then breakdown will follow and price will retest 40 000 USD. We think investors should be cautious and prepare for more volatility in BTCUSD in the coming days. Below is depiction of breakout above resistance that lies slightly below 49 000 USD. Below is depiction of price retracement after breakout. We would like to note that recent jump in price on 1st October 2021 happened as response to Jay Powell's answer on question whether FED plans to ban cryptocurrencies similarly like China did (which FED does not want to do according to Jay Powell). This was abruptly followed with reversal of bearish trend in technicals. We normally disregard news as noise but Jay Powell's remarks did have impact on technicals which reversed from bearish to bullish very quickly thereafter. Thus we have two alternative scenarios for BTCUSD: 1. This recent jump in price followed with breakout above resistance + joined with reversal in technicals (from bearish to bullish) is beginning of a new uptrend. or 2. Recent reversal is just a bull trap which will be followed by mentioned breakdown in price. Technical analysis MACD is bullish on daily timeframe. We will observe it closely this week and we will look for crossover into bullish zone which would further bolster bullish case for BTCUSD. Stochastic and RSI are also bullish on daily timeframe. ADX keeps declining which suggest that trend is weakening and thus becoming neutral. Overall technicals are bullish at the moment. BTC1! (Bitcoin continuous futures) Price retraced back into the gap zone observable in futures market. This zone represents another form of setup. Signal comes once breakout above or below this area occurs. Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
BITSTAMP:BTCUSD
by Tradersweekly
4
Technical analysis update: BTCUSD (1st October 2021)Overnight BTCUSD jumped 10% up leaving many investors perplexed. We noted in our previous idea that we changed our stance to neutral. We think if price fails to break above resistance near 49 000 USD then downtrend will resume. In our opinion this area is very attractive for short re-entry if one took profits on a way down. But we think such position should be accompanied with tight stops due to rising volatility in BTC. Our stance is neutral (to bearish if resistance manages to hold further rise of price). Technical analysis On daily time frame RSI and Stochastic reversed to the upside. MACD is striving to turn bullish as well. ADX is declining with suggests that prevailing trend is losing momentum. However, hourly time frame is in extremely overbought condition. Because of that we are very sceptical of overnight rise. Support and resistance We are closely watching mentioned 49 000 USD price level as short-term resistance appears slightly below it. Next resistance sits around 53 000 USD and 60 000 USD respectively. Then major resistance sits at all time high near 65 000 USD. We also watch short-term support near 39 500 USD. Another support below that appears close to 37 500 USD. BTC1! (Bitcoin continuous futures) We also observe gap visible in the futures market as we think of it as important level. Breakout to the downside from this area would suggest that downtrend resumed. Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
8
BTC potential OBV breakout - update27 Sept I flagged the possible OBV breakout of bitcoin from the current distribution channel and phase, into another phase of accumulation. In that post I sign posted similarities with the previous break in July. For those fearing the legitimacy of this breakout (short squeeze etc) I just want to point to the 3hrs on July 26, as breakout of distribution was confirmed. We may be seeing a repeat of this right now, we could go even higher. That pump was 15% before a pull back This may well fall back to earth, but its an Interesting correlation and possible confirmation
Long
by jamoooo
AB=CD Fibonaci pattern BTC gonna pump! We see AB=CD pattern at weekly chart with Decreasing volume. We find support at 0.618 fibonacci level to find C. The bearish AB = CD is a Fibonacci based pattern, meaning Fibonacci ratios determine the turning points. Formula: D = (B – C)/ Ratio + C=(64895-28600)/0.618+28600=87300$ How often does price reach or exceed D? 95% of the time.One of the best performing strategies. 57% of the time price goes more than the D target. AB is 224 days so CD should be in perfect pattern execution also around 224 days which is 31st January 2022. This could differ greatly also like D price. But we are with 95% security going to at least 87300$. Mega bullish on BTC! Bulkowski, Thomas N.. Encyclopedia of Chart Patterns (Wiley Trading) (Kindle Location 3643). Wiley. Kindle Edition.
BITSTAMP:BTCUSDLong
by CryptoBull17
BTC HUGE MOVEMENT AT 2021-2022Bitcoin is in a historic uptrend channel. In this move, it is first predicted that during two or three months, a slow movement can regain its dominance and then, with a minimum of 60%, it can experience great growth. According to this forecast, Bitcoin can reach a target of between 150 and 180 thousand dollars. After this target, we will enter the era of global economic decline in 2022-2023, and all markets in the world, including the cryptocurrency market, will experience sharp declines.
Long
by bersipa
1